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Author Topic: Ukraine is now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT  (Read 458 times)
suzanne5223
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February 26, 2022, 09:31:44 PM
 #21


I advise all people who are willing to give to check that the above address, or any other address, effectively belongs to the Ukrainian government.

My apologies to the OP, but I'm suspicious by nature.


I understand your impression because some scammers are already using the situation to spam people's inboxes with the BTC, USDT, etc addresses thats different from the wallet address provided by the OP. However, the wallet address the OP provided is the real Ukrainian government wallet used to accept donations.

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February 26, 2022, 10:24:19 PM
 #22

Very sad the world still goes to war in this era, and what's worse is that the casualties of the war in terms of Life lost and standard of living are the poor. I think the whole world needs healing that's why it gives me joy that the Crypto-currency world are playing there part in making life easier for Ukrainian lots of relief donations are being made in crypto -currency, and also a Crypto Exchange has removed oall transaction fee, trading or whatsoever for Ukrainians this is a big welcome step.
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February 26, 2022, 10:29:20 PM
 #23

I'm amazed that it's being used and done during the war. But at the same time, it's better not to see such donation needed and no war at all.

The crypto community is certain that will help and do whatever they can in support of Ukraine as people see the aggression being done by the Russian government.

Well, I'm one of the people that just want this to end just like the pandemic.

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February 27, 2022, 03:21:08 PM
 #24

Well, I'm one of the people that just want this to end just like the pandemic.

There is not much we can do to stop this aggression other than to put pressure on our governments to condemn Moscow and impose harsh sanctions against Russia. They are the ones that invaded another country and must be punished by international law. Putin seems to have no respect for the Geneva Convention, and the entire world must stand together to make him stop.

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February 27, 2022, 03:39:39 PM
 #25


I advise all people who are willing to give to check that the above address, or any other address, effectively belongs to the Ukrainian government.

My apologies to the OP, but I'm suspicious by nature.


I understand your impression because some scammers are already using the situation to spam people's inboxes with the BTC, USDT, etc addresses thats different from the wallet address provided by the OP. However, the wallet address the OP provided is the real Ukrainian government wallet used to accept donations.
we all have this fundamental portion, suspicious feature so commonly. OP did the great job make the thing more clear, also I got several notification regarding the given donation address whether official or not. Few popular page give us the instruction and said as of now looks legit. Neither Ukrainian Twitter page was compromised nor donation address leads to scammer. Ukrainian authorities affirmed with numerous sources that it's genuine.

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February 27, 2022, 05:21:03 PM
 #26

To erase whatever doubt people may have who are willing to help, I think the officials or some legal bodies should have publicly announced this information and made it known to everyone the official wallet that was authorized for the donation. That would have made it easier from the start but seeing that big names like CZ Binance and Justin Sun already made donations to the same wallet (from what I read above)  I guess we can conclude it is authentic.
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February 27, 2022, 05:38:04 PM
 #27

Through this the true meaning of bitcoin is being understood by the people. I'm not into the discussion whether this address is legitimate, if this is being verified then it is good that cryptocurrency played its role in serving people than humanity. Even yesterday when I was into a discussion about cryptocurrency he mentioned don't you have anything else to talk. All of the sudden such a statement gave me pain as I wasn't expecting it. Today the world will talk about it. Hope this small donations will feed the people in need.

There will surely be doubt but we could see the real function of cryptocurrency during this kind of situation. The point is, there are still lots of people who are willing to help and that's what humanity is. I hope that this pandemic would come to an end and people especially children wouldn't have to suffer. I also hope that the conflict between Russia and Ukraine will get better so the donations could be used to rebuild the main city of Ukraine again.
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February 27, 2022, 05:45:38 PM
 #28

To erase whatever doubt people may have who are willing to help, I think the officials or some legal bodies should have publicly announced this information and made it known to everyone the official wallet that was authorized for the donation. That would have made it easier from the start...

They have already done so. Ukraine's official Twitter account, as well as the account of Vice Premier Mykhailo Fedorov, announced the crypto wallet details on Saturday. According to many media outlets, including bloomberg.com, it has been confirmed that the tweets and wallet addresses were legit.


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February 27, 2022, 05:48:42 PM
 #29

To erase whatever doubt people may have who are willing to help, I think the officials or some legal bodies should have publicly announced this information and made it known to everyone the official wallet that was authorized for the donation. That would have made it easier from the start but seeing that big names like CZ Binance and Justin Sun already made donations to the same wallet (from what I read above)  I guess we can conclude it is authentic.

Just a reminder that before you send donation, just verify the authenticity of the address. There are so many scammers today that may possibly pose the official account of the government or official. They are good at faking their identities. I even received email asking for donations on this ongoing war. So how can they got a hold of those emails? I don't think the Ukranian government itself will send email asking for donations. But right now, the easier way to send money to them is via crypto. Now, it is the government who will just convert it to their fiat at the right time. Let's hope Putin will stop this madness very soon.
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February 27, 2022, 06:03:10 PM
 #30

Since Ukraine's government requested cryptocurrency donations on its Twitter account, the country has raised more than $17 million in cryptocurrency donations. Several media outlets have reported that government has authorized the crypto wallet, and the crypto community has responded in a big way. We are concerned that government wallets will not disappear along with their holder. It would unbelievable if people could fall for this type of trick. Whatever the case, we stand with humanity.
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February 27, 2022, 06:23:33 PM
 #31

Since Ukraine's government requested cryptocurrency donations on its Twitter account, the country has raised more than $17 million in cryptocurrency donations. Several media outlets have reported that government has authorized the crypto wallet, and the crypto community has responded in a big way. We are concerned that government wallets will not disappear along with their holder. It would unbelievable if people could fall for this type of trick. Whatever the case, we stand with humanity.
Ukraine has brought a new traction to the crypto world where there will probably be a few other countries that will start doing the same to try to accept donations from the crypto community. This will be a new trend that will attract the attention of scammers in both the short and long term. But the good thing is that Ukraine has earned a sizeable donation from every crypto user who pays attention.

But the Ukrainian government must use the money donated to aid humanity and they must be transparent enough in using it so that it is not considered war aid by Russia. I didn't expect this to be something that a few people would spread and become world political propaganda because this is just a charitable donation to humanity in a war zone.

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February 27, 2022, 06:32:49 PM
 #32

~
Give your opinion on how this situation can make it even more difficult to determine which donations actually reach the Ukrainian people in the right way? while a verified account is always used as a reference, but other than that it will also backfire if you are not careful.
BTCitcoin is a great tool to send donations in volatile situations like these but what i have heard is that people are not able to withdraw funds from banks nor from ATM and i am curious how these funds will be used for the benefit of the citizens. I am happy to donate but how these funds will be used should be transparent and glad to see that they are able to raise huge funds in a short period and if they start accepting cryptocurrency for everyday use then it would be great.
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February 27, 2022, 07:24:30 PM
 #33

Since Ukraine's government requested cryptocurrency donations on its Twitter account, the country has raised more than $17 million in cryptocurrency donations. Several media outlets have reported that government has authorized the crypto wallet, and the crypto community has responded in a big way. We are concerned that government wallets will not disappear along with their holder. It would unbelievable if people could fall for this type of trick. Whatever the case, we stand with humanity.

It's nice that this way of fundraising is being done, it shows how important bitcoin is in our world. But it is also possible to say that it is not very safe. We do not know where the donated money will go or who will have access to it. Although it is reliable because it is the official account of Ukraine, we can see many scams in this way. If the twitter account is hacked, many people can send money to a different address, which is quite risky

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February 27, 2022, 08:23:06 PM
 #34

BTCitcoin is a great tool to send donations in volatile situations like these but what i have heard is that people are not able to withdraw funds from banks nor from ATM and i am curious how these funds will be used for the benefit of the citizens. I am happy to donate but how these funds will be used should be transparent and glad to see that they are able to raise huge funds in a short period and if they start accepting cryptocurrency for everyday use then it would be great.

Well, with these donations we are essentially financing the Ukrainian government so that they may dispose of the funds as they see fit. They might use these funds to transfer refugees to Western countries and away from the civil war zone. They might use these funds to acquire more weapons to defend themselves. Or they might simply use them for a "more pressing" cause as their government sees fit. Would that make any difference?

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February 27, 2022, 08:28:30 PM
 #35

Just a reminder that before you send donation, just verify the authenticity of the address. There are so many scammers today that may possibly pose the official account of the government or official. They are good at faking their identities. I even received email asking for donations on this ongoing war. So how can they got a hold of those emails? I don't think the Ukranian government itself will send email asking for donations. But right now, the easier way to send money to them is via crypto. Now, it is the government who will just convert it to their fiat at the right time. Let's hope Putin will stop this madness very soon.
What happens to you can be an obvious scam especially if the mail that you got is tagged as spam. Mail spammers can get your email online or on one of the sites that you used. For you to be sure you can also compare the crypto address that you received in your email to the crypto address that is shown in the tweet. That practice must be done before we send any crypto so that we are sure that the money can go in the right hands.

There are hacks before in Twitter where celebrity accounts posted some message about crypto-doubler but those are an obvious scam and very different from the tweet that we saw in the screenshot. I have a confidence on this one.

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February 27, 2022, 08:59:03 PM
 #36

It's nice that this way of fundraising is being done, it shows how important bitcoin is in our world. But it is also possible to say that it is not very safe.
This donation doesn't accept Bitcoin only, ETH and USDT are acceptable here. So, not only Bitcoin, ETH and USDT are also important in the world. Even other coins are also important although they are not used in this donation program. I agree that cryptocurrencies are very important to use for donation, people can donate with their crypto coins with a low fee in transferring them and they can monitor the number of the coins on the wallet donation easily. It is very different from the donation in fiats, people are difficult to monitor it.

By the way, safe or not depends on the individual. If we are careful enough to do analysis and cross-check before sending crypto coins, I am sure this way is secure or safe enough to do.
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February 28, 2022, 12:13:55 AM
 #37


I advise all people who are willing to give to check that the above address, or any other address, effectively belongs to the Ukrainian government.

My apologies to the OP, but I'm suspicious by nature.



You're right, suspicion must remain. Because after all this is a very large number. It will be very worrying that the unexpected will actually backfire for Ukraine. Therefore, there are 2 perspectives that I include. The first is donations that can help our brothers in Ukraine, but the second point is that other parties are actually abusing Bitcoin.

But there is one that can treat me right now as per confirmation from this tweet https://twitter.com/TomicahTD/status/1497601610775769094 and confirmation by this https://twitter.com/olex_scherba/status/1497613520543883268

The rest I still have a question mark whether it will arrive or not. Still worrying will be on my mind.

OK, it's legit.

I was dubious at first because of the screenshots. Direct links to respected URLs are way better.

I used to be a citizen and a taxpayer. Those days are long gone.
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February 28, 2022, 01:26:46 AM
 #38


I advise all people who are willing to give to check that the above address, or any other address, effectively belongs to the Ukrainian government.

My apologies to the OP, but I'm suspicious by nature.

(....)
I already started to see some scammers popping everywhere, especially on social media, that are taking advantage of the good act of the Ukrainian government. There are already scammers who are being impostors and creating fake identities just to pretend they are connected with this Ukraine crypto currencies donations.
People must be aware of this, scammers are everywhere even how awful the situations right now.

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February 28, 2022, 01:29:45 AM
 #39

I think it's okay to be vigilant with that, but it has been verified that it is their wallet. With that aside, I'm just wondering how they would be using this? I do hope that the people or the ones providing the necessary resources for them to survive to accept BTC so that they wouldn't need to convert it into fiat or something like that.

Any news about it?

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February 28, 2022, 05:38:02 AM
 #40

Glad to hear that, I know how the Ukrainian president at that time had asked for help from NATO countries but all were silent and could not do anything about it. When NATO countries are in crisis facing each other, of course Ukraine cannot hope for more. Fundraising through Bitcoin is the right choice. Moreover, it proves how nothing can prevent the flow of funds from being sent and anonymity is maintained. Even if other countries fear being caught meddling in Ukraine, they can choose Bitcoin as a payment alternative. President Putin has threatened other countries not to try to interfere in Ukrainian affairs. But there is an anonymous alternative that can be used via Bitcoin. The idea carried out by the Ukrainian Minister is quite good.
Yes, in the early days of large-scale aggression from Russia, it was difficult for Ukraine, because the Russians thrust columns of armored vehicles from three sides. But when Europe saw that the Ukrainians gave a good rebuff to the enemy and were able to defend themselves, including Europe, from Putin's aggression, on the second or third day they began to give Ukraine the necessary defense weapons. Among other things, Germany changed its attitude on this issue, which, before the open invasion, agreed to transfer only 5,000 helmets to Ukraine. Now we are getting anti-tank weapons and ammunition in sufficient quantities to destroy Russian armored vehicles and defeat Russia in this war.
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